Dogecoin is the second largest crypto-asset powered by mining
Dogecoin is now the second largest crypto-asset powered by mining
The largest crypto-asset powered by mining is Bitcoin. Second crypto-asset used to be Ethereum, but it just transitioned from proof of work to proof of stake, through a historical moment called “The Merge”.
So now, Dogecoin, a canine-themed meme coin, is the second largest PoW cryptocurrency. With a market capitalization of $8.04B at the time of reporting and in the 10th position of largest cryptocurrencies.
Surprisingly, Dogecoin exceeded other PoW cryptocurrencies like Ethereum Classic (LTC), Litecoin (LTC), Monero (XMR), and Bitcoin Cash (BCH).
However, not everyone was excited by this news, some Twitter users addressed the issue : how people could take the crypto industry seriously with a memecoin so close to the top spot.
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